True Religion explores sale valued near $1B
Clothing retailer True Religion is exploring a potential full or minority stake sale that could value the brand near $1 billion. Owned by ACON Investments, the company is working with JPMorgan on the early-stage process following significant earnings growth.
Insights:
Clothing retailer True Religion is exploring a full sale or minority stake sale valuing the brand at close to $1 billion, people familiar with the matter said on Wednesday afternoon. The private equity-backed denim maker is working with advisors on an early-stage process. The potential transaction follows a period of financial turnaround for the United States-based apparel brand under its current ownership.
